Question 3 (05) The following facts pertain to lease agreements of equipment between Mike Leasing Company and Donald Company, a lessee Inception date of the lease: January 01, 2011 Interest Rate: 10% Installment amount : $25.237 (executory cost of $2.000 is included) is paid at the end of the year Estimated life of leased equipment 5 years and Lease terms 5 years Fair value of the equipment: $1.00.001) and GRV 55,000 Requirement: Prepare the amortization schedule and all joumal entries for the lessee for 2011, 2012 and 2015